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News Corp. is about to sell Myspace for $20 million-$30 million, Kara Swisher at All Things D reports.

The groups vying for the remains of Myspace are Golden Gate Capital, a PE firm with $9 billion under management, and Specific Media, an ad network.

News Corp.’s fiscal year ends this Thursday, so it’s looking to wrap up the sale before the end of the fiscal year, so it can get Myspace off the books for 2012.

This is quite the come down for Myspace. News Corp paid $580 million for Myspace in 2005. When it started selling Myspace this year, it was looking for $100 million.

Jay Yarrow, Myspace Is About To Be Sold For $30 Million

Wow. Sam Wick, SVP Strategy at MySpace, was called away last night after the LA Future Of Work talk he participated in. I bet it had something to do with this deal.

A drop from $580M, to way below the $100M being shopped. I wonder what the buyers think they can do with it?

    • #xs
    • #myspace
    • #news corp
  • 28 June 2011
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We should have picked 5 to 10 key features that we totally focused on and let other people innovate on everything else.
Chris DeWolfe, MySpace founder. (via joshuanguyen)

(via joshuanguyen)

    • #myspace
    • #xs
  • 23 June 2011 > joshuanguyen
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Andrew Lipsman, The Network Effect: Facebook, Linkedin, Twitter & Tumblr Reach New Heights in May
Beginning with Linkedin, the popular business networking site’s success should not come as a complete shock following its blistering May 19th IPO.  Others can debate the merits of the company’s current valuation, but I  will simply point out that there is definite underlying strength in  Linkedin’s user adoption curve at the moment. In fact, it has reached  all-time U.S. audience highs in 7 of the past 12 months and has grown 58  overall percent in the past year. As Linkedin continues its evolution  from being an online business rolodex to a more social and interactive  content experience, it will be interesting to see if its rapid visitor  growth is accompanied by a surge in user engagement.
Twitter.com also had a particularly strong month in May with 27  million U.S. visitors, representing an increase of 13 percent in the  past year. (Note: while much of Twitter’s usage occurs away from the  Twitter.com site, past comScore research has indicated that  approximately 85-90% of Twitter users visit the website each month).  Twitter’s success in May can likely be attributed in part to the  exceptionally buzzworthy news story of Osama Bin Laden’s death, as well  as ongoing discussion of the Royal Wedding.
Also not to be overlooked is social blogging site Tumblr, which has  made some noise this year and become a serious player in the social  networking category.  The site has grown an impressive 166% in the past  year, reaching 10.7 million visitors in May, its first month ever  surpassing the 10 million visitor mark. Tumblr is clearly experiencing a  viral adoption curve right now and may be nearing that point at which  other social media sites begin have reached that critical mass threshold  that propels it to more widespread adoption. It still has a ways to go  before we can mention it in the same breath as Linkedin or Twitter, but  it just might get there if it maintains its current trajectory.

Tumblr has doubled its monthly uniques in a year, while Twitter and LinkedIn are growing more gradually, but still moving fast.
Comscore also displayed a graph showing Facebook and Myspace, implying that the defecting Myspace users were moving to Facebook. Considering the wave of musical types flooding into Tumblr, I bet it is more a factor in Tumblr’s growth.
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Andrew Lipsman, The Network Effect: Facebook, Linkedin, Twitter & Tumblr Reach New Heights in May

Beginning with Linkedin, the popular business networking site’s success should not come as a complete shock following its blistering May 19th IPO. Others can debate the merits of the company’s current valuation, but I will simply point out that there is definite underlying strength in Linkedin’s user adoption curve at the moment. In fact, it has reached all-time U.S. audience highs in 7 of the past 12 months and has grown 58 overall percent in the past year. As Linkedin continues its evolution from being an online business rolodex to a more social and interactive content experience, it will be interesting to see if its rapid visitor growth is accompanied by a surge in user engagement.

Twitter.com also had a particularly strong month in May with 27 million U.S. visitors, representing an increase of 13 percent in the past year. (Note: while much of Twitter’s usage occurs away from the Twitter.com site, past comScore research has indicated that approximately 85-90% of Twitter users visit the website each month). Twitter’s success in May can likely be attributed in part to the exceptionally buzzworthy news story of Osama Bin Laden’s death, as well as ongoing discussion of the Royal Wedding.

Also not to be overlooked is social blogging site Tumblr, which has made some noise this year and become a serious player in the social networking category. The site has grown an impressive 166% in the past year, reaching 10.7 million visitors in May, its first month ever surpassing the 10 million visitor mark. Tumblr is clearly experiencing a viral adoption curve right now and may be nearing that point at which other social media sites begin have reached that critical mass threshold that propels it to more widespread adoption. It still has a ways to go before we can mention it in the same breath as Linkedin or Twitter, but it just might get there if it maintains its current trajectory.

Tumblr has doubled its monthly uniques in a year, while Twitter and LinkedIn are growing more gradually, but still moving fast.

Comscore also displayed a graph showing Facebook and Myspace, implying that the defecting Myspace users were moving to Facebook. Considering the wave of musical types flooding into Tumblr, I bet it is more a factor in Tumblr’s growth.

    • #facebook
    • #linkedin
    • #myspace
    • #tumblr
    • #twitter
  • 15 June 2011
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Decision day for MySpace - Telegraph

Emma Barnett, via

The deadline for all bids to buy the struggling social network for a reported price tag of $100 million is understood to be at the close of play of today, Eastern time.

However, none of the potential buyers are believed to have offered enough money in their scheduled bids to date, leaving the competition wide open, according to Allthingsd, a leading technology blog.

Kara Swisher, author of the blog, said: “No one has yet made a good enough bid – in other words, at the more than $100 million level its owner, News Corporation, has sought, [in order] to knock out anyone else.”

Interested parties include Criterion Capital Partners, the private equity company which bought Bebo from AOL last year, and also Mike Jones, the social network’s chief executive.

It’s exactly what will happen to Facebook when social operating systems take root. Who wants to fool around in a social silo when you don’t have to? When following other people is a built-in capability of any computing device Facebook will be just another app, and Twitter will just be one brand of plumbing.

Still: I thought AOL or Yahoo would have been behind the times enough to buy it.

    • #facebook
    • #myspace
    • #social networks
    • #social operating systems
    • #twitter
    • #xs
  • 5 June 2011
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Former Social networking darling, Myspace, has seen its monthly unique visitor number fall by 10 million between January and February 2011, a 14 per cent reduction that puts its net headcount to 63 million.

Comscore’s latest Media Metrix table shows that the website has lost a staggering 50 million users since last February 2010 despite numerous attempts by its owner News to add features that would stem the flood of visitors moving to its rivals like Facebook or Twitter.

Desire Athow, 10 Million Users Leave Myspace Within A Month

(via underpaidgenius)

    • #myspace
    • #social network lemmings
    • #xs
  • 29 March 2011 > underpaidgenius
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fred-wilson:

Facebook’s Growing Web of Frenemies - WSJ.com

Starting to remind me of Microsoft a decade ago, when they were trying to win on seven or eight fronts — PC O/S, IM, email, mobile phones, game systems, corporate IT, office apps, etc. — and meanwhile the web came along and screwed everything up, and gave serious advantages to others.
Now Facebook is fighting on seven fronts on so, and something is coming to upend their position at the center of today’s web: social O/S. Watch out, Zuck.
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fred-wilson:

Facebook’s Growing Web of Frenemies - WSJ.com

Starting to remind me of Microsoft a decade ago, when they were trying to win on seven or eight fronts — PC O/S, IM, email, mobile phones, game systems, corporate IT, office apps, etc. — and meanwhile the web came along and screwed everything up, and gave serious advantages to others.

Now Facebook is fighting on seven fronts on so, and something is coming to upend their position at the center of today’s web: social O/S. Watch out, Zuck.

    • #facebook
    • #google
    • #groupon
    • #myspace
    • #paypal
    • #social o/s
    • #twitter
    • #yahoo
    • #zygna
    • #social os
  • 15 February 2011 > fred-wilson
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MySpace is a not a social network anymore. It is now a social entertainment destination.
Mike Jones, CEO of MySpace, cited by Emma Barnett in MySpace surrenders to Facebook in battle of social networks
    • #facebook
    • #myspace
    • #pivot
    • #mike jones
  • 27 January 2011
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MySpace’s Ongoing Losses ‘Not Acceptable Or Sustainable’, News Corp Says | paidContent

Mike Jones better turn things around at Myspace pretty fast, or he will be former management, too.

    • #myspace
    • #news corp
  • 3 November 2010
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Human Scale, Neighborhoods, and MySpaceaphobia

[from the archives: 27 October 2006]

Vauhini Vara’s piece in the Wall Street Journal about people defecting from MySpace and Facebook struck a real chord with me:

Neither MySpace nor Facebook will disclose the number of people who have deleted their pages, but a MySpace spokeswoman offers that there has been “absolutely no increase in the rate of deletions.”

There’s no question, however, that MySpace’s recent popularity has brought with it a proliferation of spam that has annoyed some users. Many advertisers take advantage of the “friend request” function and send out requests that are really just advertisements. And programs have cropped up that can automatically send mass friend requests to MySpace users — in short, a new generation of email spam. Sites with names like FriendBot.com and FriendAdder.com sell the programs starting at $19.95.

The guerrilla marketing has driven away James Kalyn, a 30-year-old technical writer in Regina, Saskatchewan. He kept receiving friend requests from half-naked female strangers through his MySpace page. Clicking on a request usually led to a profile that turned out to be an ad for a pornography site. At first, Mr. Kalyn was excited that “these hot girls allegedly wanted to be my friend.” But after looking at a few profiles, he realized: “If it’s a picture of someone fairly attractive, they’re probably not my friend in real life.” Last spring, Mr. Kalyn killed his MySpace profile.

MySpace says it has incorporated technology to identify and block spammers.

Facebook has so far avoided a spam problem. But it alienated some longtime users when the site — which was once the exclusive domain of college students — announced last month that anyone can now belong. Nearly 3,000 Facebook users have joined a group called “Official Petition to Keep Facebook Limited to Students.” A note on the group’s page reads, “Facebook just opened its doors to everyone on the internet. That means your mom, your boss, and every stalker in the world can now make an account.”

Meanwhile, another key selling point for Facebook — that it lets people connect online with people they know offline through friend requests — has turned off some users, like 19-year-old Julie Miller. Ms. Miller, a sophomore at the University of Missouri in Columbia, Mo., dropped Facebook earlier this year after a few sketchy experiences left her feeling uneasy.

The invasion of the advertisers, stalkers, and pornographers is a natural consequence of the loss of human scale in these enormous social constructs. Where proximity and connectedness can be subverted through the agency of an omniscient social networking solution, then people will drop out. Let’s call it MySpaceaphobia: the agoraphobic feeling of being a tiny individual roaming around in an enormous social context, being chatted up and chased by shills, sock puppets, and unsavory characters.

I publicly left a long, long list of social networking sites a few years back because of the social spam and general lack of creativity in the interactions. I have now gotten back into using some solutions because they meet the Kaminski Test (after Pater Kaminski): they foster creative interactions with others. But that can be countered by sheer size and population density.

Human-oriented social contexts should allow users to control scale: how many people can access what aspects of my on-line persona, what sorts of communication are available based on what degree of connection, and so on. If I want to limit my profile on Facebook to only current students of my university, I should be able to do so. If I want to restrict access to my music playing habits to only those people that I know, then Last.fm should allow me to.

We need to have these controls to introduce a “neighborhood” feel to online social interaction. In the meat world, I am located at a particular place, for example, the corner bar. Because I choose to be there, other people in the bar have access to me, and could, in principle, strike up a conversation. But I have chosen that experience, and I am willing to be there. If I have situated myself at home, at my desk, I don’t expect people to walk up to the door, knock on it, and start a conversation with me about the weather or some movie. It’s inappropriate. And even while in the bar, I don’t expect people to try to sell me stuff, nor 5000 people to barge in and demand to be my friend.

When social environments balloon to millions of people, new mechanisms to enforce appropriate and user-controlled scale will need to be introduced. Gated communities within the environments may provide some of that, but they have numerous negatives as well. The third place (as Ray Oldenburg styled it) — the corner bar, the barbershop, the cafe — where we could interact with people that we don’t know well, of different backgrounds, and including chance interactions with strangers — provide great benefits to healthy societies. We can’t live locked up in tiny, homogeneous groups. But at the same time, the scale matters: only so many strangers, only so many folks in the bar, and of course, the ability to choose which bar to be in, and the choice to leave and go home, and leave the crowd behind. If these social environments are to serve as a collective third space, then they will need to reintroduce scale, control, and choice to their denizens.

    • #myspaceaphobia
    • #myspace
    • #facebook
    • #vauhini vara
    • #ray oldenberg
    • #third place
    • #third space
    • #the kaminski test
    • #peter kaminsky
    • #social scale
  • 24 September 2010
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The Fear Of Being Found Out

Jeffrey Rosen has a recent piece in the NY Times Magazine, which exposes the natural conservatism of our theoretically open and liberal society. Every action that has been recorded on the web — that party where you drank too much and put on a tutu, your espousing socialist rhetoric, or calling a college buddy a racial epithet — and someone someday is going to dredge it up and use it against you.

Jeffrey Rosen, The Web Means the End of Forgetting
[…]
According to a recent survey by Microsoft, 75 percent of U.S. recruiters and human-resource professionals report that their companies require them to do online research about candidates, and many use a range of sites when scrutinizing applicants — including search engines, social-networking sites, photo- and video-sharing sites, personal Web sites and blogs, Twitter and online-gaming sites. Seventy percent of U.S. recruiters report that they have rejected candidates because of information found online, like photos and discussion-board conversations and membership in controversial groups.[emphasis mine.]
It’s often said that we live in a permissive era, one with infinite second chances. But the truth is that for a great many people, the permanent memory bank of the Web increasingly means there are no second chances — no opportunities to escape a scarlet letter in your digital past. Now the worst thing you’ve done is often the first thing everyone knows about you.
[…]
Jorge Luis Borges, in his short story “Funes, the Memorious,” describes a young man who, as a result of a riding accident, has lost his ability to forget. Funes has a tremendous memory, but he is so lost in the details of everything he knows that he is unable to convert the information into knowledge and unable, as a result, to grow in wisdom. Viktor Mayer-Schönberger, in “Delete,” uses the Borges story as an emblem for the personal and social costs of being so shackled by our digital past that we are unable to evolve and learn from our mistakes. After reviewing the various possible legal solutions to this problem, Mayer-Schönberger says he is more convinced by a technological fix: namely, mimicking human forgetting with built-in expiration dates for data. He imagines a world in which digital-storage devices could be programmed to delete photos or blog posts or other data that have reached their expiration dates, and he suggests that users could be prompted to select an expiration date before saving any data.

This is not an entirely fanciful vision. Google not long ago decided to render all search queries anonymous after nine months (by deleting part of each Internet protocol address), and the upstart search engine Cuil has announced that it won’t keep any personally identifiable information at all, a privacy feature that distinguishes it from Google. And there are already small-scale privacy apps that offer disappearing data. An app called TigerText allows text-message senders to set a time limit from one minute to 30 days after which the text disappears from the company’s servers on which it is stored and therefore from the senders’ and recipients’ phones. (The founder of TigerText, Jeffrey Evans, has said he chose the name before the scandal involving Tiger Woods’s supposed texts to a mistress.)

Expiration dates could be implemented more broadly in various ways. Researchers at the University of Washington, for example, are developing a technology called Vanish that makes electronic data “self-destruct” after a specified period of time. Instead of relying on Google, Facebook or Hotmail to delete the data that is stored “in the cloud” — in other words, on their distributed servers — Vanish encrypts the data and then “shatters” the encryption key. To read the data, your computer has to put the pieces of the key back together, but they “erode” or “rust” as time passes, and after a certain point the document can no longer be read. Tadayoshi Kohno, a designer of Vanish, told me that the system could provide expiration dates not only for e-mail but also for any data stored in the cloud, including photos or text or anything posted on Facebook, Google or blogs. The technology doesn’t promise perfect control — you can’t stop someone from copying your photos or Facebook chats during the period in which they are not encrypted. But as Vanish improves, it could bring us much closer to a world where our data didn’t linger forever.

I am intrigued with the notion of digital forgetting, and in a world dominated by a few apps like Facebook and MySpace it would be straightforward to have such features implemented, by government dictate if needed.

Related articles

  • Internet As Your Permanent Record (outsidethebeltway.com)
  • Speak, Memory (3quarksdaily.com)
  • Digital Remembering (andrewsullivan.theatlantic.com)
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    • #digital forgetting
    • #facebook
    • #jeffrey rosen
    • #myspace
    • #privacy
    • #publicy
    • #borges
  • 22 July 2010
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